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Labour Laws

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    Posted: 01 Jun 2016 at 02:00
It may sound a bit over the top to some, certainly to the uber-right on these pages, but some economists are suggesting this may be the way forward. Like it or not, the future posses some very difficult challenges. Technology is replacing numerous job categories seen only recently as sacrosanct, never to be automated...but they are. Our globalized economy is lowering labour value, and left unchecked will give the western world an unwelcome gift .

Some suggest a guaranteed income. Others have punted a guaranteed job, a sort of government made work project that pays a minimum wage.

What do you think?



"..The idea is radical and it sounds like money for nothing to many people, but it has more of a libertarian flavor than a Communist one. By guaranteeing basic survival, a government provides a service as necessary as, say, policing the streets or fighting off foreign enemies. At the same time, once this service is provided, the government can get out of trying to regulate the labor market: Its goal of keeping people fed and clothed is already achieved.  The Finnish government believes the basic income scheme will encourage the currently unemployed to take part-time jobs, which they avoided for fear of losing their benefits..."

http://www.bloomberg.com/view/articles/2016-04-01/a-basic-income-is-smarter-than-minimum-wages
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Guests Quote  Post ReplyReply Direct Link To This Post Posted: 01 Jun 2016 at 02:40
It's a good example of Hegelian dialectic. Give people two bad choices and present it as a false dichotomy where the choices are the opposing and only options available. "Would you rather minimum wage, or guaranteed passive income"?

Let's get rid of both. Switzerland has no minimum wage, nor guaranteed passive income. They are doing great. Many other countries with minimum wages lower than the USA are also ensuring their citizens have a higher standard of living.
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